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English to German translations [PRO] Bus/Financial - Law: Taxation & Customs / Group Treasury
English term or phrase:VATable
Die Group Treasury (UK) begründet den Tochtergesellschaften (europaweit) gegenüber, warum der Konzern eine neue Treasury Gesellschaft errichten muss:
[The Group's] treasury activities are proportionately large in comparison to the *VATable* turnover of the UK VAT Group, and so there is a high risk that input VAT would be restricted.
Therefore the Audit Committee has asked that we form a NewCo to undertake the Group's treasury activities.